NV5 Global, Inc. (NASDAQ:NVEE) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB boosted its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 313.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,546 shares of the business services provider's stock after purchasing an additional 73,944 shares during the period. Nordea Investment Management AB owned approximately 0.15% of NV5 Global worth $1,853,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Redwood Grove Capital LLC purchased a new position in shares of NV5 Global in the 3rd quarter valued at $12,599,000. Swedbank AB raised its stake in shares of NV5 Global by 27.3% in the 3rd quarter. Swedbank AB now owns 350,000 shares of the business services provider's stock valued at $32,718,000 after acquiring an additional 75,000 shares during the period. Oak Ridge Investments LLC raised its stake in shares of NV5 Global by 287.2% in the 3rd quarter. Oak Ridge Investments LLC now owns 98,124 shares of the business services provider's stock valued at $9,173,000 after acquiring an additional 72,780 shares during the period. American Century Companies Inc. raised its stake in shares of NV5 Global by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider's stock valued at $42,461,000 after acquiring an additional 65,186 shares during the period. Finally, Squarepoint Ops LLC raised its stake in shares of NV5 Global by 1,671.2% in the 2nd quarter. Squarepoint Ops LLC now owns 60,149 shares of the business services provider's stock valued at $5,592,000 after acquiring an additional 56,753 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

Wall Street Analyst Weigh In

NVEE has been the topic of a number of research reports. Robert W. Baird cut their target price on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. StockNews.com raised shares of NV5 Global from a "hold" rating to a "buy" rating in a research note on Thursday, December 26th.

NV5 Global Stock Down 1.4 %

NV5 Global stock traded down $0.27 during midday trading on Friday, hitting $18.87. 597,311 shares of the stock were exchanged, compared to its average volume of 483,152. NV5 Global, Inc. has a 1 year low of $18.36 and a 1 year high of $28.29. The firm has a market cap of $1.23 billion, a P/E ratio of 33.55, a P/E/G ratio of 3.21 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The company has a 50 day moving average price of $20.86 and a two-hundred day moving average price of $22.60.

NV5 Global declared that its Board of Directors has authorized a stock buyback program on Monday, January 6th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the firm's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the transaction, the vice president now directly owns 45,584 shares of the company's stock, valued at $915,326.72. This trade represents a 30.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.40% of the stock is currently owned by insiders.

About NV5 Global

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.